2015-06-23

Web.com (NASDAQ:WWWW) Stock Hit by Citigroup Downgrade

WWWW stock hit by Citigroup downgrade (source: google.com)

A downgrade of domain name registrar Web.com (NASDAQ: WWWW) to neutral by Citigroup hit the stock hard this morning. The registrar and web services provider provides domain name registration services through Web.com, NetworkSolutions.com and Register.com. As of yesterday's close, the stock had risen 60% from a late-January low of $14.52, but shares have remained far below a 52-week high of $34.79.